Schneider National (NYSE:SNDR) Upgraded at Citigroup

Schneider National (NYSE:SNDR) was upgraded by equities researchers at Citigroup from a “sell” rating to a “neutral” rating in a research report issued on Monday, MarketBeat.com reports. The firm presently has a $27.00 price objective on the stock. Citigroup’s price target would suggest a potential upside of 5.22% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Schneider National in a report on Thursday, January 15th. Susquehanna boosted their price target on Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. UBS Group reiterated a “neutral” rating on shares of Schneider National in a research note on Friday, January 30th. National Bank Financial set a $27.00 price objective on Schneider National in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Schneider National currently has an average rating of “Hold” and an average target price of $28.43.

Schneider National Trading Down 6.1%

NYSE SNDR opened at $25.66 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. Schneider National has a 1-year low of $20.11 and a 1-year high of $30.98. The firm’s fifty day simple moving average is $28.63 and its 200-day simple moving average is $25.32. The company has a market capitalization of $4.50 billion, a PE ratio of 43.49, a price-to-earnings-growth ratio of 0.84 and a beta of 1.06.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $0.20 EPS. Schneider National’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Schneider National will post 1.12 earnings per share for the current fiscal year.

Schneider National announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 28th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, CFO Darrell George Campbell sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total value of $173,340.00. Following the transaction, the chief financial officer directly owned 66,275 shares of the company’s stock, valued at $1,914,684.75. The trade was a 8.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.43% of the company’s stock.

Hedge Funds Weigh In On Schneider National

A number of institutional investors and hedge funds have recently bought and sold shares of SNDR. Royal Bank of Canada lifted its position in Schneider National by 19.1% during the 1st quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock worth $3,702,000 after buying an additional 26,015 shares in the last quarter. Millennium Management LLC bought a new position in shares of Schneider National during the 1st quarter worth approximately $7,477,000. Empowered Funds LLC increased its position in shares of Schneider National by 12.0% in the first quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock valued at $319,000 after acquiring an additional 1,494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Schneider National by 18.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock worth $4,077,000 after acquiring an additional 27,180 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Schneider National by 120.5% in the first quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock valued at $2,071,000 after acquiring an additional 49,511 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.